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General News |
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Ministry to propose B150bn deep-sea port
The
Transport Ministry plans to propose to the cabinet next
week a 150-billion-baht plan to develop a deep-sea port
in the Deep South on the Andaman Sea in a bid to reduce
logistics costs. The port, planned
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Thailand climbs competitiveness table
Thailand has
moved up six places, to 27th from 33rd, in the annual
competitiveness rankings compiled by the Swiss-based
Institute of Management Development (IMD). The World
Competitiveness
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Investment Years will build strong foundation
Foreign investors should have confidence in
Thailand's economy, because even though any changes in
politics could happen, they would not affect the overall
economy, according to Deputy Prime
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Thai-Korean free trade pact almost completed
Thailand looks set to sign a free trade
agreement with South Korea under the ASEAN-South Korea free
trade framework over the next three months, according to the
Trade Negotiations Department.
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Suwit says steel smelter a necessity
Thailand should establish an upstream steel
smelter to accommodate increasing local demand, despite
strong opposition from environmentalists, said Industry
Minister Suwit Khunkitti. Domestic
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Government launching organic food action plan
The cabinet yesterday approved an action plan
for organic farming with a budget of 4.8 billion baht to be
spent from 2008-11. The plan developed by the National
Economic and Social Development Board
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Business News |
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Cartier eyes strong growth in Thailand
The French jewellery maker Cartier sees
Thailand is one of the top five markets in Asia that could
enjoy a double-digit growth rate or more this year. ''Asia
is doing well with a sustained momentum over the next
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Accor plans big expansion, 12 new hotels to
be added in Thailand
Accor,
Europe's biggest hotelier, aims to launch a new hotel brand,
MGallery, in Thailand this year as part of its plan to add
12 hotels in the kingdom by 2010. The new boutique hotel
with 154 rooms, located
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Roche opens regional training centre
Roche, one of the world's top
research-focused health-care groups, yesterday opened its
new Asia Pacific Regional Training Center in Bangkok with an
investment of more than 50 million baht. The
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Call centres rise by 15%
TalkTime Asia, a Bangkok-based call-centre
consultancy and training provider, forecasts the number of
call centres in Thailand will increase to 397 this year, up
15% up from 317 last year. Managing director
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Thai Roong Ruang sees sugar exports rising 20%
The Thai Roong Ruang Sugar Group, the
country's second-biggest sugar producer, expects exports to
grow 20% this year helped by abundant crops, strong demand
and an expansion in output, according
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Siemens submits public rail proposal
The German engineering giant Siemens has
submitted its proposal to the government to build electric
trains in Thailand to serve the government's plan to develop
Bangkok's rail network. Siemens filed a
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Energy |
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Government preparing energy-saving tax
measures
The government is preparing tax measures to
encourage people to use more alternative energy to reduce
oil consumption. According to Surapong Suebwonglee, the
Deputy Prime Minister and Finance
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Alternative fuel use surging
Consumption of new fuels including gasohol
surged dramatically in April, as consumers continued to seek
ways to reduce the impact of high oil prices. The use of
alternative fuels reduced gasoline and diesel
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Automotive |
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German firm invests B5bn in Rayong
Low-cost
Nissan launched
Toyota leads
pickup sales in year to April
Honda
building Thailand R&D centre
TATA see big
growth in Thailand
Mitsubishi invests 5 billion baht
Honda throws
in 600 million baht for bid bike production |

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